419,651 Shares in Orion Group Holdings, Inc. $ORN Bought by De Lisle Partners LLP

De Lisle Partners LLP purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 419,651 shares of the construction company's stock, valued at approximately $7,067,000. De Lisle Partners LLP owned 1.04% of Orion Group at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. JB Capital Partners LP acquired a new position in shares of Orion Group during the second quarter worth about $2,186,600,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Orion Group in the second quarter worth about $107,000. BlackRock Inc. acquired a new stake in shares of Orion Group in the second quarter valued at about $50,595,000. Deutsche Bank AG acquired a new stake in shares of Orion Group in the second quarter valued at about $616,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Orion Group during the 2nd quarter valued at about $2,583,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Roth Capital set a $15.00 price target on Orion Group in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of Orion Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Orion Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Zacks Research cut shares of Orion Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Finally, Oppenheimer initiated coverage on shares of Orion Group in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $20.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.20.

Orion Group Stock Up 0.9%

Shares of NYSE ORN opened at $9.26 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.51 and a current ratio of 1.52. Orion Group Holdings, Inc. has a 1 year low of $6.60 and a 1 year high of $17.40. The stock's 50-day simple moving average is $12.78 and its 200-day simple moving average is $12.85. The firm has a market cap of $374.94 million, a price-to-earnings ratio of 102.90 and a beta of 1.40.

Orion Group (NYSE:ORN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.04). Orion Group had a net margin of 0.40% and a return on equity of 3.07%. The business had revenue of $221.88 million during the quarter, compared to analysts' expectations of $225.72 million. As a group, equities analysts anticipate that Orion Group Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Orion Group

In related news, Director Mary E. Sullivan purchased 3,000 shares of the business's stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $9.79 per share, with a total value of $29,370.00. Following the completion of the acquisition, the director directly owned 277,904 shares of the company's stock, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Ledford purchased 20,000 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $9.62 per share, for a total transaction of $192,400.00. Following the completion of the acquisition, the director directly owned 43,112 shares of the company's stock, valued at $414,737.44. This represents a 86.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 28,000 shares of company stock valued at $270,820. 5.70% of the stock is currently owned by corporate insiders.

Orion Group Company Profile

Orion Group NYSE: ORN is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.

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